2. 6.01 Review Personal Finance

3. Dee made sure she had the name and physical location of the person from whom she was buying merchandise online. Which effective shopping practice is this? A. Comparison shop products B. Comparison shop services C. Shop wisely at home D. Shop wisely in stores

4. Travis decided to wait for tents to go on sale to purchase his. Which effective shopping practice is his decision to wait? A. Plan before you shop B. Comparison shop products C. Comparison shop services D. Shop wisely in stores

5. Kitty managed to find five minutes over the weekend to order by phone some work supplies she needed. Which pro or con of shopping at home does this illustrate? A. Con---may not know the physical location of the seller A. Con---may not know the physical location of the seller B. Con---must keep a complete record of each transaction B. Con---must keep a complete record of each transaction C. Pro---can buy any time seven days a week D. Pro---can buy from a worldwide market

6. Several cases of apples are needed for the lunch line in the cafeteria. What type of store is MOST LIKELY the best place to shop? A. Discount store B. Factory outlet C. Specialty store D. Warehouse superstore

7. Charles' son has a really large, narrow foot and needs new basketball shoes. What type of store is MOST LIKELY the best place to shop? A. Discount store B. Factory outlet C. Specialty store D. Warehouse superstore

8. Josh and Amber are looking for a slightly used desk. What type of store is MOST LIKELY the best place to shop? A. Consignment or thrift store B. Department store C. Factory outlet D. Specialty store

9. Agreeing to purchase a set of encyclopedias from someone who comes to your home to show them is an example of which type of home shopping? A. Catalog shopping B. Door-to-door shopping C. E-commerce D. T-commerce

10. When Jeremy shopped for a new television, he had to wait thirty minutes for help from a sales associate, and they were interrupted many times before the purchase was complete. Which pro or con of shopping in stores does this illustrate? A. Con---limited space B. Con--- takes time to buy costly items C. Pro---can buy any time seven days a week D. Pro---offer payment plans

11. Paul signed an agreement to give the mechanic authority to repair his motorcycle. This is an example of which type of service work agreement? A. Contract B. Estimate C. Service warranty D. Work order

12. Mamie called and spoke with several caterers before she selected one. Which effective shopping practice is this? A. Comparison shop products B. Comparison shop services C. Plan before you shop D. Shop wisely in stores

13. Lawrence decided not to drive all over town looking at different computers, but to visit one large online computer dealer and take the time to make a good choice. Which effective shopping practice is this? A. Plan before you shop B. Comparison shop products C. Comparison shop services D. Shop wisely at home

14. The Home Shopping Network is an example of which type of home shopping? A. Catalog shopping B. Door-to-door shopping C. E-commerce D. T-commerce